Published on 5/29/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $530,000 performance barrier notes linked to Asian indexes
By Angela McDaniels
Tacoma, Wash., May 29 - HSBC USA Inc. priced $530,000 of 0% performance barrier notes due Nov. 30, 2017 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200 and the MSCI Taiwan index.
If the basket return is positive, the payout at maturity will be par plus 130% of the basket return. If the basket declines by 25% or less, the payout will be par. Investors will be fully exposed to the decline if the basket falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
|
Issue: | Performance barrier notes
|
Underlying indexes: | Hang Seng China Enterprises index, . Korea Composite Stock Price Index 200 and MSCI Taiwan index, equally weighted
|
Amount: | $530,000
|
Maturity: | Nov. 30, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 130% of basket return; if basket declines by 25% or less, par; full exposure to decline if basket falls by more than 25%
|
Initial levels: | 10,082.85 for China index; 260.36 for Korea index; 324.96 for Taiwan index
|
Pricing date: | May 27
|
Settlement date: | May 30
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 2.75%
|
Cusip: | 40433BBC1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.